Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
Quoting involves using the exact wording used by the original author(s) in their work; this is indicated by quotation marks. The term direct quote is often used to distinguish a quote from a paraphrase. You use single 'â¦' or double â¦ quotation marks depending on the style of referencing you are following.